What is Two-Way Radios Market Scope?
The two way radio is a simple radio equipped with transmitters and receivers. It is available with portable products and fixed with a wide half duplex mood. The products majorly used in government and public safety & security, and home security. Increasing demand for high-quality security management due to high incidences of crime and increasing adoption of digital two way radio due to the simple operation are the major drivers present in the operating market. Additionally, increasing the use of two way radio in smart cities for home security purpose, and cost-effective product portfolio have been fueling the market. However, bandwidth limitation and network issues are considered as major limiting factors in the operating market.
The Two-Way Radios market study is being classified by Type (Analog and Digital), by Application (Government and Public Safety, Utilities, Industry and Commerce and Other (Home security etc.)) and major geographies with country level break-up.
The Players having a strong hold in the market are Motorola, Kenwood Corporation, Icom, Hytera, Tait, Sepura, Yaesu, Neolink International Vertex Standard. Analysts at AMA predicts that Players from United States, Asian and European will contribute to the maximum growth of Global Two-Way Radios market throughout the predicted period.
Motorola (United States), Kenwood Corporation (Japan), Icom (United States), Hytera (China), Tait (United States), Sepura (United Kingdom), Yaesu (United States), Neolink International, Vertex Standard LMR, Inc. (Japan) and Uniden (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Simoco (United States), Entel (Chile) and Weierwei (Indonesia).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Two-Way Radios market by Type, Application and Region.
On the basis of geography, the market of Two-Way Radios has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On Aug 26, 2018, BearCom has announced its completion of the acquisition. The company had acquired A&R Radio Rentals to expand its business in Florida. “In A&R Radio Rentals, we have acquired a strong local and regional provider that is servicing some clients on a nationwide basis.” Stated by Executive Vice President Brent Bisnar.
On August 11, 2017, Motorola has announced its new launch of two way radio system named as Motorola XT660D. The key highlights of the products include 1.5W audio output, IP55 rating, Up to 20 hours battery life, dual-mode digital/analog and many others. The new launch of the company can create new opportunities for the company in the coming years.
Influencing Market Trend
- Increasing Use of Two Way Radio in Smart Cities for Home Security Purpose
Market Drivers
- Increasing Demand for Security due to High Incidences of Crime
- Increasing Adoption of Digital Two Way Radio due to Simple Operation
Opportunities
- Increasing Investment in Research and Development Activities and Cost Effective Product Portfolio
- An Emergence of New Startups with New Innovation
Restraints
- Low Network Range in Two Way Radio
- High Cost Associated with the Product
Challenges
- Bandwidth Limitation for Two Way Radio
- Intense Competition among key Players in the Operating Market
Key Target Audience
Two Way Radio Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Private Research Organizations, Government Associations and Agencies, Technology Investors and Others
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